JOLY-FRAIS: what changed
JOLY-FRAIS
Largest movements
- Cash -€48,649
no longer reported in 2024 (was €48,649)
mainly Net result for the year (-€59,580) and Advances received (-€20,800)
- Stocks and contracts -€25,500
down €25,500 (-20.4%), from €124,780 to €99,280
- Tangible fixed assets -€15,314
down €15,314 (-34.5%), from €44,385 to €29,071
of which Plant, machinery and equipment: -€9,069
- Receivables within one year -€5,350
down €5,350 (-27.5%), from €19,453 to €14,102
of which Trade receivables: -€10,350
- Deferred charges and accrued income -€3,759
down €3,759 (-43.5%), from €8,650 to €4,890
- Profit (loss) carried forward -€59,580
down €59,580 (-263%), from -€22,638 to -€82,217
- Advances received -€20,800
no longer reported in 2024 (was €20,800)
- Debts after one year -€14,515
down €14,515 (-39.6%), from €36,624 to €22,109
- Trade debts -€10,743
down €10,743 (-10.4%), from €103,079 to €92,337
- Current portion of long-term debt +€3,596
up €3,596 (+20.2%), from €17,817 to €21,413
- Gross operating margin -€104,013
down €104,013 (-69.0%), from €150,669 to €46,655
- Staff costs -€23,128
down €23,128 (-23.3%), from €99,187 to €76,059
- Taxes -€7,500
no longer reported in 2024 (was €7,500)
- Financial charges +€4,157
up €4,157 (+69.0%), from €6,025 to €10,181
- Depreciation +€3,616
up €3,616 (+27.6%), from €13,115 to €16,732
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,292 | €160,719 | -€98,573 | -38.0% |
| Fixed assets | 21/28 | €57,760 | €42,446 | -€15,314 | -26.5% |
| Tangible fixed assets | 22/27 | €44,385 | €29,071 | -€15,314 | -34.5% |
| Plant, machinery and equipment | 23 | €15,959 | €6,890 | -€9,069 | -56.8% |
| Furniture and vehicles | 24 | €1,351 | €1,006 | -€345 | -25.6% |
| Leasing and similar rights | 25 | €27,075 | €21,175 | -€5,900 | -21.8% |
| Financial fixed assets | 28 | €13,375 | €13,375 | = | 0.0% |
| Current assets | 29/58 | €201,532 | €118,273 | -€83,259 | -41.3% |
| Stocks and contracts in progress | 3 | €124,780 | €99,280 | -€25,500 | -20.4% |
| Stocks | 30/36 | €124,780 | €99,280 | -€25,500 | -20.4% |
| Amounts receivable within one year | 40/41 | €19,453 | €14,102 | -€5,350 | -27.5% |
| Trade receivables | 40 | €19,453 | €9,102 | -€10,350 | -53.2% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €48,649 | - | -€48,649 | |
| Deferred charges and accrued income | 490/1 | €8,650 | €4,890 | -€3,759 | -43.5% |
| Total equity and liabilities | 10/49 | €259,292 | €160,719 | -€98,573 | -38.0% |
| Equity | 10/15 | €48,862 | -€10,718 | -€59,580 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,500 | €9,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,638 | -€82,217 | -€59,580 | -263% |
| Amounts payable | 17/49 | €210,430 | €171,437 | -€38,993 | -18.5% |
| Amounts payable after more than one year | 17 | €36,624 | €22,109 | -€14,515 | -39.6% |
| Financial debts | 170/4 | €36,624 | €22,109 | -€14,515 | -39.6% |
| Amounts payable within one year | 42/48 | €173,806 | €149,328 | -€24,478 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €17,817 | €21,413 | +€3,596 | +20.2% |
| Financial debts | 43 | - | €3,459 | +€3,459 | |
| Credit institutions | 430/8 | - | €3,459 | +€3,459 | |
| Trade debts | 44 | €103,079 | €92,337 | -€10,743 | -10.4% |
| Suppliers | 440/4 | €103,079 | €92,337 | -€10,743 | -10.4% |
| Advances received on contracts in progress | 46 | €20,800 | - | -€20,800 | |
| Taxes, remuneration and social security | 45 | €22,624 | €25,144 | +€2,521 | +11.1% |
| Taxes | 450/3 | €3,033 | €370 | -€2,663 | -87.8% |
| Remuneration and social security | 454/9 | €19,591 | €24,775 | +€5,184 | +26.5% |
| Other amounts payable | 47/48 | €9,486 | €6,975 | -€2,511 | -26.5% |
| Remuneration, social security and pensions | 62 | €99,187 | €76,059 | -€23,128 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,115 | €16,732 | +€3,616 | +27.6% |
| Other operating charges | 640/8 | €2,826 | €1,852 | -€974 | -34.5% |
| Non-recurring operating charges | 66A | - | €1,428 | +€1,428 | |
| Gross operating margin | 9900 | €150,669 | €46,655 | -€104,013 | -69.0% |
| Operating profit (loss) | 9901 | €35,541 | -€49,416 | -€84,956 | |
| Financial income | 75/76B | €301 | €17 | -€284 | -94.3% |
| Recurring financial income | 75 | €301 | €17 | -€284 | -94.3% |
| Financial charges | 65/66B | €6,025 | €10,181 | +€4,157 | +69.0% |
| Recurring financial charges | 65 | €6,025 | €10,181 | +€4,157 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €29,817 | -€59,580 | -€89,396 | |
| Income taxes | 67/77 | €7,500 | - | -€7,500 | |
| Profit (loss) for the period | 9904 | €22,317 | -€59,580 | -€81,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,317 | -€59,580 | -€81,896 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.